Tofte, MN Housing


2 Reviews



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United States / Minnesota / No Metro Area / Cook County / Tofte / Zip Codes
The housing market in Tofte, MN is doing well, with the median value of homes being higher than the US median at $350,600. This is even more impressive when you consider that the US house appreciation rate was 8.27%, while the 1-year appreciation rate in Tofte was 12.16%. Clearly people are investing in this small town and it's having a positive effect on the overall housing market.

The median home cost in Tofte is $350,600. Home appreciation the last 10 years has been 70.1%. Home Appreciation in Tofte is up 13.9%.

Average Age of Homes
- The median age of Tofte real estate is 28 years old
The Rental Market in Tofte
- Renters make up 15.2% of the Tofte population
- 0.0% of houses and apartments in Tofte, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingTofte, MinnesotaUnited States
  288.0139,647,020.0
  2742
  $350,600$338,100
  13.9%16.6%
  49.8%57.0%
  70.1%101.1%
  $8.04$10.98
  $2,480$2,690
  36.8%57.4%
  55.6%11.2%
  7.6%31.4%
  Vacant Housing
  0.0%1.9%
  0.0%0.4%
  1.4%0.7%
  0.0%0.4%
  49.3%3.6%
  4.9%4.1%
  Value of Owner-Occupied Housing
  0.0%2.6%
  0.0%2.4%
  0.0%2.8%
  0.0%3.9%
  1.9%4.5%
  5.7%11.3%
  25.5%13.0%
  20.8%20.1%
  16.0%13.6%
  13.2%8.3%
  6.6%9.7%
  4.7%3.9%
  1.9%2.2%
  3.8%0.8%
  0.0%1.1%
  Housing Units by Year Structure Built
  3.5%0.2%
  30.9%13.6%
  30.9%13.6%
  19.1%13.6%
  6.3%13.2%
  12.5%14.8%
  19.1%13.6%
  4.9%10.0%
  3.5%4.7%
  8.7%12.2%
Reviews for Tofte
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nana · Hibbing, MN
HOUSING SOUNDS LIKE MAJOORITY EITHER TOO HIGH OR N
Over 13 years ago

WOULD BE GREAT IF YOU COULD DESIGN A GATED COMMUNITY ROOFED WITH AMENITIES AND REC AND ONLY SMALL APTS, OR STUDIOS TO KEEP COST DOWN If you can, then this would be a  More

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C.N. · Rochester, MN
Beautiful Area
Over 16 years ago

I have vacationed in Tofte several times a year since the mid 80's. The area has grown in some ways but retains it's charm. The main industry is tourist. There is a  More

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